CIS: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2024

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in CIS

The CIS spindles and spindle flyer market dropped to $X in 2022, waning by -3.2% against the previous year. Overall, consumption, however, enjoyed buoyant growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in CIS

In value terms, spindles and spindle flyer production declined to $X in 2022 estimated in export price. Overall, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 25,910%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Exports in CIS

Spindles and spindle flyer exports declined notably to X kg in 2022, waning by -95.8% against the year before. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 42%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer exports reduced sharply to $X in 2022. In general, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Armenia represented the largest exporting country with an export of about X kg, which accounted for 55% of total exports. Belarus (X kg) ranks second in terms of the total exports with a 25% share, followed by Uzbekistan (20%).

Armenia was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers exports, with a CAGR of +15.2% from 2012 to 2022. Belarus (-2.3%) and Uzbekistan (-43.5%) illustrated a downward trend over the same period. Armenia (+55 p.p.), Belarus (+25 p.p.) and Uzbekistan (+20 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spindles and spindle flyer supplying countries in the CIS were Armenia ($X), Belarus ($X) and Uzbekistan ($X).

Armenia, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, increasing by 42% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spindles and spindle flyer export price increased by +149.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 52%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+12.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Imports in CIS

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported in the CIS reduced dramatically to X tons, with a decrease of -49.8% compared with the previous year's figure. Overall, imports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2016 with an increase of 150% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined notably in the following year.

In value terms, spindles and spindle flyer imports stood at $X in 2022. In general, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2017 with an increase of 419% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Uzbekistan dominates imports structure, accounting for X tons, which was near 81% of total imports in 2022. It was distantly followed by Russia (X tons) and Belarus (X tons), together committing a 15% share of total imports. Azerbaijan (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spindles and spindle flyer imports into Uzbekistan stood at -8.2%. At the same time, Azerbaijan (+43.5%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +43.5% from 2012-2022. By contrast, Russia (-10.2%) and Belarus (-16.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Azerbaijan increased by +81 and +2.6 percentage points, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported spindles and spindle flyers, spinning ring and ring travellers in the CIS, comprising 90% of total imports. The second position in the ranking was held by Russia ($X), with a 4.5% share of total imports. It was followed by Belarus, with a 3% share.

In Uzbekistan, spindles and spindle flyer imports contracted by an average annual rate of -3.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-6.9% per year) and Belarus (-15.0% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, jumping by 102% against the previous year. Over the period under review, the import price saw resilient growth. The most prominent rate of growth was recorded in 2017 when the import price increased by 199%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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